Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩7,440, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 97% over the past three years. Buy Or Sell Opportunity • May 04
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 141% to ₩7,440. The fair value is estimated to be ₩5,729, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 63%. Buy Or Sell Opportunity • Apr 14
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 217% to ₩8,470. The fair value is estimated to be ₩6,123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 63%. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩5,250, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total returns to shareholders of 21% over the past three years. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩117.3b market cap, or US$78.4m). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₩3,925, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 7.4% over the past three years. Aankondiging • Mar 06
Powernet Technologies Corporation, Annual General Meeting, Mar 26, 2026 Powernet Technologies Corporation, Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: seminar room, 70, dusan-ro, geumcheon-gu, seoul South Korea Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₩2,435, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 40% over the past three years. New Risk • Sep 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (₩77.3b market cap, or US$55.6m). New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2009. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2009 fiscal period end). Minor Risk Market cap is less than US$100m (₩70.2b market cap, or US$50.6m). New Risk • Aug 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (₩70.5b market cap, or US$50.8m). New Risk • Jul 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩62.6b market cap, or US$45.0m). New Risk • May 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩58.7b market cap, or US$42.5m). Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩2,685, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 47% over the past three years. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: ₩803 (vs ₩10.00 loss in FY 2023) Full year 2024 results: EPS: ₩803 (up from ₩10.00 loss in FY 2023). Revenue: ₩323.0b (up 74% from FY 2023). Net income: ₩17.0b (up ₩17.2b from FY 2023). Profit margin: 5.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Aankondiging • Mar 05
Powernet Technologies Corporation, Annual General Meeting, Mar 26, 2025 Powernet Technologies Corporation, Annual General Meeting, Mar 26, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 70, dusan-ro, geumcheon-gu, seoul South Korea Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,090, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩2,155, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 61% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: ₩10.00 loss per share (vs ₩93.00 profit in FY 2022) Full year 2023 results: ₩10.00 loss per share (down from ₩93.00 profit in FY 2022). Revenue: ₩186.2b (down 12% from FY 2022). Net loss: ₩196.8m (down 112% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,660, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 14x in the Electronic industry in South Korea. Total loss to shareholders of 3.3% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩4,720, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,645, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 10x in the Electronic industry in South Korea. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩3,220, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 11x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to ₩3,480, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 12x in the Electronic industry in South Korea. Total loss to shareholders of 27% over the past three years. Aankondiging • Jun 22
Powernet Technologies Corporation announced that it expects to receive KRW 10 billion in funding Powernet Technologies Corporation announced a private placement of series 11 bearer type non-guaranteed private placement convertible bonds for gross proceeds of KRW 10,000,000,000 on June 20, 2022. The transaction will include participation from A-One Mezzanine Step-Up Specialized Investment Detective Private Equity Trust, A-One Master Mezzanine Specialized Investment Detective Private Equity Trust, A-One Signature Mezzanine Specialized Investment Criminal Investment Trust, A-One Trust Mezzanine General Private Equity Trust, A-One Prime Mezzanine General Private Equity Trust No.2, A1 Rainbow Mezzanine General Private Equity Trust, A-One New Deal Mezzanine General Private Equity Trust, A-One Grace Mezzanine Specialized Investment Criminal Equity Trust, A-One Bright Mezzanine General Private Equity Trust, Focus SY Castle KOSDAQ Venture General Private Equity Trust No. 1, Focus Expert KOSDAQ Venture General Private Equity Trust No. 1, Focus Super Rich KOSDAQ Venture General Private Equity Trust No. 6, and Focus Unicorn KOSDAQ Venture General Private Equity Trust No. 2. The bonds will mature on June 21, 2027. The bonds are 100% convertible into 2,196,354 shares at a conversion price of KRW 4,553 per share from June 21, 2023 to June 21, 2023. The payment date is June 21, 2022. The transaction has been approved by the board of directors. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₩15.00 (vs ₩451 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₩147.2b (up 14% from FY 2019). Net income: ₩210.0m (down 96% from FY 2019). Profit margin: 0.1% (down from 4.2% in FY 2019). Aankondiging • Feb 25
Powernet Technologies Corporation, Annual General Meeting, Mar 24, 2021 Powernet Technologies Corporation, Annual General Meeting, Mar 24, 2021, at 10:00 Korea Standard Time. Aankondiging • Feb 10
Powernet Technologies Corporation announced that it has received KRW 10 billion in funding On February 9, 2021, Powernet Technologies Corporation (KOSDAQ:A037030) closed the transaction. Aankondiging • Feb 09
Powernet Technologies Corporation announced that it expects to receive KRW 10 billion in funding Powernet Technologies Corporation (KOSDAQ:A037030) announced a private placement of series 9 unregistered nonguaranteed private convertible bonds for an aggregate gross proceeds of KRW 10,000,000,000 on February 8, 2021. The transaction will include participation from Director Kiwoom 2nd New Technology Business Fund for KRW 7,000,000,000, A1 Mezzanine 3.0 Hedge Fund, A1 Mezzanine Steady seller Hedge Fund, A1 Mezzanine Advantage Hedge Fund and A1 Mezzanine Absolute Hedge Fund, A1 Mezzanine Plus Public Offering Share Hedge Fund, A1 Plus Alpha Kosdaq Venture Hedge Fund, A1 Listed company Mezzanine Hedge Fund, A1 Supreme Kosdaq Venture Hedge Fund for KRW 1,800,000,000, A1 Mezzanine The Classic Hedge Fund, A1 Mezzanine Opportunity Hedge Fund for KRW 700,000,000, and A1 Pure Mezzanine Hedge Fund, A1 Galaxy Kosdaq Venture Hedge Fund for KRW 500,000,000. The bonds carry zero coupon rate of interest and will mature on February 9, 2026. The bonds are convertible into 1,614,726 shares of the company at a conversion price of KRW 6,193 per share. The conversion period will start from February 9, 2022 and ends on January 9, 2026. The transaction is expected to close on February 9, 2021. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩5,750, the stock is trading at a trailing P/E ratio of 20.4x, down from the previous P/E ratio of 24.1x. This compares to an average P/E of 26x in the Electronic industry in South Korea. Total returns to shareholders over the past year are 38%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 19% share price gain to ₩6,910, the stock is trading at a trailing P/E ratio of 24.6x, up from the previous P/E ratio of 20.6x. This compares to an average P/E of 26x in the Electronic industry in South Korea. Total returns to shareholders over the past year are 42%. Is New 90 Day High Low • Jan 12
New 90-day high: ₩6,310 The company is up 6.0% from its price of ₩5,930 on 14 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 34% over the same period. Valuation Update With 7 Day Price Move • Oct 23
Market pulls back on stock over the past week After last week's 18% share price decline to ₩4,900, the stock is trading at a trailing P/E ratio of 12.8x, down from the previous P/E ratio of 15.5x. This compares to an average P/E of 21x in the Electronic industry in South Korea. Total returns to shareholders over the past year are 13%. Valuation Update With 7 Day Price Move • Oct 20
Market pulls back on stock over the past week After last week's 20% share price decline to ₩5,140, the stock is trading at a trailing P/E ratio of 13.4x, down from the previous P/E ratio of 16.6x. This compares to an average P/E of 22x in the Electronic industry in South Korea. Total returns to shareholders over the past year are 12%. Is New 90 Day High Low • Oct 12
New 90-day high: ₩6,280 The company is up 31% from its price of ₩4,780 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: ₩5,190 The company is up 15% from its price of ₩4,520 on 24 June 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 14% over the same period. Aankondiging • Sep 22
Powernet Technologies Corporation announced that it has received KRW 5 billion in funding from Samsung Securities Co. Ltd., Investment Arm, Mirae Asset Daewoo Co., Ltd., KB Securities Co., Ltd., Investment Arm, AJU IB INVESTMENT Co., Ltd., NH Investment & Securities Co., Ltd., Investment Arm On September 18, 2020, Powernet Technologies Corporation (KOSDAQ:A037030) closed the transaction.